On the 4th local time, the European Commission ’s Trade Commissioner De Gucht announced that he will impose a temporary anti-dumping duty of 11.8% on photovoltaic products produced in China from June 6th to August 6th. A solution was reached a few days ago, and the anti-dumping tax rate will then rise to 47.6%.
According to Xinhua News Agency, De Gucht said at the press conference that the temporary tax rate will be maintained for 6 months until December, after which the European Commission will decide whether to impose a permanent tariff on photovoltaic products made in China. Lasts 5 years.
According to the statistics of the Ministry of Commerce, the amount of money involved in the EU's investigation of China's photovoltaic products with a "double anti" investigation is as high as US $ 20.4 billion.
The European Commission has launched an anti-dumping and anti-subsidy investigation on solar photovoltaic products from China since last year, and proposed to the EU member states earlier this month that a temporary punitive tariff of 47% will be imposed on photovoltaic products from China from June 6, the official The preliminary ruling was originally scheduled to be announced on the 5th of this month.
According to the rules of the European Trade Commission, if there are fewer than 15 member countries that vote against it, the European Commission will impose temporary tariffs on Chinese solar products exported to Europe from June 6. In the vote on May 24, 18 countries including Germany, Britain, the Netherlands, and Sweden voted against it.
It stands to reason that the EU will not rashly initiate double anti-tariffs on Chinese solar products exported to the EU. However, according to EU regulations, the European Commission has the right to decide whether to implement temporary anti-dumping duties. However, the opposition of the member states will weaken the power of the EU trade commission. The member states have the right to reject the EU trade commission tax proposal at the end of the investigation. The investigation will end in December this year.
The European Commission's decision surprised the outside world somewhat.
State Council Premier Li Keqiang called the European Commission President Barroso on the evening of the 3rd, and also said that the Chinese government is highly concerned about the current Sino-Europe trade dispute on photovoltaic products. He also said that this case involves China's major economic interests. If it is not handled well, it will not only seriously damage the interests of the Chinese side, but also inevitably hurt the interests of the European side and affect the overall situation of China-EU cooperation.
Li Keqiang said that China resolutely opposes trade protectionism and abuse of trade remedies, and resolutely safeguards China's interests. It is hoped that the two sides will resolve trade disputes through dialogue and consultation, rather than fighting a trade war. There is no winner in the trade war. China is willing to communicate with the EU on relevant issues under the existing bilateral economic and trade mechanism, find a reasonable solution acceptable to both sides, and jointly promote the continued development of China-EU comprehensive strategic partnership.
During his visit to Germany, Li Keqiang also repeatedly talked about the EU ’s dual anti-photovoltaic problem with photovoltaic products produced in China. The industry generally believes that the European Union's photovoltaic double-deck reversal to China may have a turnaround following government consultations.
After the announcement of the EU ’s provisional anti-dumping duties, Artes stated via Weibo that the European Commission ’s provisional anti-dumping measures indicated that the European Commission was still aware of the pivotal position of photovoltaics in China-EU trade at a critical moment, and it did not rashly collect High taxes.
At present, the photovoltaic industry is hovering at the bottom, and the upstream equipment and polysilicon materials are basically stable. Emerging markets, including the Japanese market, are gradually starting to exert their strength. The stock prices of listed companies have even risen continuously, and the industry has been improving for a long time.
A senior researcher in the industry analyzed that the EU will tax Chinese photovoltaic products. According to the previous situation, China will tax EU polysilicon, which will raise the price of polysilicon in the short term, but because photovoltaic is an international industry, it is impossible in the short term. Importing polysilicon from other places to supply the domestic industry, so the midstream battery component manufacturers will have a hard time, and domestic polysilicon companies will benefit from it.
He also said that the taxation actions of both parties will have a short-term impact on the industry, but the industry's upward trend will not change in the long run.
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